About this property

PICKERING DEVELOPMENT SITE | DRAFT PLAN APPROVED Rare 1.146-acre redevelopment opportunity with draft plan approval for 27 townhouse units in a prime Pickering location. Currently generating approx. $320,000 annual rental income (5.8% return based on $5.5M asking price) from existing church and daycare tenants. Enjoy strong holding income while planning redevelopment. Signed termination clauses provide future flexibility, with potential to redesign the site and increase density/unit count. Walking distance to the lake, with Frenchman's Bay and waterfront trails practically in your backyard. Exceptional location near Highway 401, GO Transit, parks, and convenient access to downtown Toronto. Draft Plan Approved Strong In-Place Cash Flow Waterfront Lifestyle Location Prime Growth Corridor Future Development UpsideRare opportunity for developers, builders, and investors.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	E13152226
Status	Active
Listing Type	For Sale
Property Type	Land
Interior Size	49,934 sq ft
Beds / Baths	0 bed · 0 bath
Neighbourhood	West Shore
City	Pickering
Postal Code	L1W 2H4
Province	ON
Listed Date	May 20, 2026
Days on Market	78
Price per Sq Ft	$110
Brokerage	HC REALTY GROUP INC.